Méliuz S.A. (CASH3) announced that its board of directors has approved, in the context of the second quarter of 2026, a proposal to reduce the company’s share capital by R$ 160 million, as it is deemed excessive. The amount will be fully allocated to the capital reserve, with no cancellation of shares and no cash distribution to shareholders.
According to management, the current share capital, as reflected in the latest financial statements, is higher than what is necessary for Méliuz’s operations and for its short- and medium-term operational and strategic needs, even considering the balance of accumulated losses. The company points out that it operates an asset-light model, has no indebtedness, reports immaterial capex, and has no structural need for working capital.
The proposal will be submitted to shareholder deliberation at an Extraordinary General Meeting, which will also review amendments to the Bylaws. If approved, the capital reduction will only take effect after a 60-day period for creditor opposition, counting from the publication date of the meeting minutes, in accordance with current legislation.
